The USD is marginally higher with gains vs NZD, CAD and CHF

The snapshot of the major currencies is showing the JPY is the strongest. The NZD continues its fall to the downside (was the weakest yesterday) is the weakest as North American traders enter for the day. The USD is mixed with gains vs the NZD, CAD and CHF and declines vs the JPY, GBP and EUR. The AUD is unchanged on the day.

The ranges are not all that great. The GBPUSD shows the most life at 79 pips but that makes sense with all the Brexit uncertainty. The GBPUSD fell into the early London trading but has since rallied and trades higher on the day (and is above its 100 day MA at 1.28923 currently). The USDCHF only has a 30 pip range but it is trading at the highs as the rally continued (no flight to safety into the CHF over the last 6 trading days).

The snapshot of the other markets is showing:

  • Bitcoin on Coinbase is trading down -18.83 points at $3583.65
  • Spot gold is trading up $0.37 or 0.03% at $1294.
  • WTI crude oil is trading down -$1.01 or -1.97% at $51.28

In the pre-open stock trading in the US, Morgan Stanley earning missed and that is hurting the major averages. Netflix will report after the close today. The futures are implying:

  • The S&P, -35 points
  • The Nasdaq, -13 points
  • The Dow Jones, -126 points

In Europe, indices are lower:

  • German Dax -0.4%
  • France's CAC -0.4%
  • UK FTSE -0.7%
  • Spain's Ibex, -0.10%
  • Italy's FTSE MIB, -0.3%

In the US debt market, yields are lower.

The European 10 year benchmark yields are also lower:

The government shut down has completed 26 days and is into day 27.